INTERNAL CONTROL SYSTEM IN MANUFACTURING INDUSTRIES
(A CASE STUDY OF LIFE BREWERIES LIMITED ONITSHA)
By
NWADILIORAH ADA C. AC/H2002/177
Presented To
Department of
Accountancy
ABSTRACT
INTERNAL CONTROL SYSTEM IN MANUFACTURING INDUSTRIES (A CASE STUDY OF LIFE BREWERIES LTD ONITSHA)
There is a need for strong internal control system in manufacturing organization to make sure that organization assets are safe guarded.
Considering the importance of internal control to life Breweries limited Onitsha the researcher deems it necessary to study the effectiveness of internal control.
Officers of the organization were interviewed and their records were also examined related tools were also reviewed by the researcher.
The researcher revealed that the organization applies internal control measurers though weak, because of the nature of human beings.
The researcher recommends that the company should review their operation, measure applied and improve in their system of internal control by training their staffs and changing the corrupted ones.
TABLE OF CONTENTS
Title page ii
Approval page iii
Dedication iv
Acknowledgement v
Abstract vii
Table of content viii
CHAPTER ONE
1.0 Introduction 1
1.1 Background of study 5
1.2 statement of problem 6
1.3 Purpose of the study 6
1.4 Significant of the study 7
1.5 Statement of hypothesis 7
1.6 Scope of the study 8
1.7 Limitation of the study 8
1.8 Definition of terms 9
CHAPTER TWO
2.0 Review of related literature 11
2.1 Introduction 11
2.2 Internal cheek and internal audit 14
2.3 Internal control in manufacturing industries 24
2.4 Delegation of duties 29
CHAPTER THREE
3.0 Research design and methodology 33
3.1 Sources of data 33
3.2 Sample population and size 34
3.3 Method of data collection 34
3.4 Sources of data 35
3.5 Description of questionnaires 36
3.6 Method of data analysis 37
3.7 Method of typing hypothesis 38
CHAPTER FOUR
4.0 Data presentation and analysis 40
4.1 Data presentation 40
4.2 Interpretation of data 48
4.3 Analysis of data 50
CHAPTER FIVE
5.0 Summary of findings, conclusion and recommendation 55
5.1 Finding 55
5.2 Conclusions 56
5.3 Recommendation 56
Bibliography 58
Appendix (ices) 60
